SEC warns about non-GAAP financial measures | KPMG | US

SEC warns about non-GAAP financial measures

SEC warns about non-GAAP financial measures

The staff of the U.S. Securities and Exchange Commission (SEC) updated its guidance about how companies are allowed to use non-GAAP financial measures, and specifically listed prohibited practices.


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The new SEC guidance follows recent comments by the SEC chair and SEC staff warnings that enforcement action will be taken against companies that do not comply with guidance outlining how a company must present non-GAAP financial measures.


Read a May 2016 report prepared by KPMG LLP: Defining Issues: SEC Staff Warns about Non-GAAP Financial Measures

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